TNR Gold Royalty: "Celebration Of Pachamama" - Ganfeng Lithium Rolls Out US$600M Investment Plan, Increases Its Stake In Mariana Lithium Over 91.3%.
We extend our congratulations today to Ganfeng Lithium - Mariana Lithium Project is moving fast forward in Argentina:
"Last week in Mariana, our employees held a celebration of Pachamama, and the ritual is to thank the earth for all of what we receive from it. We always care about environmental protection and sustainability, and this local tradition embodies the ideas that we respect"?
Ganfeng Lithium September 3, 2021?
Ganfeng Lithium rolls out its US$600 million investment plan for Mariana Lithium and?increases?its pace of investment into this giant project:
"Ganfeng is increasing its pace of investment?in this giant Lithium Brine project quite dramatically. Ganfeng Lithium's JV partner reported in Canada that their stake has been diluted already to just 8.7% share left in Mariana Lithium JV (August 30, 2021)."?
The Director of REMSA discussed the progress with Mariana Lithium?in his interview in July: "Project execution will begin in 60 days" - and now we can see the results of this cooperation between all involved parties in Argentina. Mariana Lithium Project is moving fast forward after receiving "a green light" for the 20,000 T of?LCE annual capacity of Lithium Chloride.
Lithium prices hit a rock bottom in late 2020 and more than doubled by May 2021, following the exponential growth in sales of electric cars.?Now there are a lot of dreams and even more hype among Lithium juniors. Industry must make a huge jump from 369,000 T of LCE produced in 2020 to well over 1,000,000 T of LCE required annually by 2025.
"Now investors should be very careful and selective?in order not to miss this opportunity and separate?the real Lithium companies?from the companies with lithium left in their name only. Be very careful chasing your Dragons in the Pump and Dump stocks, with insiders Dumping into the Pumps and diluting all other shareholders with their pyramids of convertible loans. Think twice, if MD&A and financials of the junior mining company look like a statement of an overleveraged hedge fund run by the banksters and you can hardly understand anything."?
Your money deserves your respect, be selective and make your homework properly. Only the strongest companies will have access to the capital and technology and will be able to deliver results.
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This is where giant from China Ganfeng Lithium provides a crucial advantage among other industry players. The company has very deep expertise across all their vertically integrated lithium business: from extracting and producing lithium raw materials and all the way to the latest lithium battery technology with Lithium Solid-State batteries.
TNR Gold is plugged into Tesla Energy rEVolution with our NSR Royalty Holding on the entire Mariana Lithium Project.?
"Our Mariana Lithium - giant Lithium Brine Project in Salta, Argentina - is growing even larger. We have just celebrated?another increase of 55% in Mariana Lithium resource?which is coming on top of the previously announced more than 250% increase in 2020!"
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Chart by NorthStar
Now Mariana Lithium development will benefit greatly from the learning curve and expertise acquired by Ganfeng Lithium in Argentina while developing Cauchari-Olaroz Lithium Brine Project with Lithium Americas. Make your own research, stay safe and prosper.?Join the rEVolution.?